Call reports 2020
FARMERS AND MERCHANTS STATE BANK OF PIERZ — 2020
What FARMERS AND MERCHANTS STATE BANK OF PIERZ reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 226,333,000 | 255,389,000 | 265,788,000 | 278,586,000 |
| Total loans | 159,506,000 | 175,294,000 | 177,997,000 | 174,783,000 |
| Allowance for loan losses | 1,904,000 | 2,258,000 | 2,025,000 | 2,155,000 |
| Securities available for sale | 43,032,000 | 51,577,000 | 65,736,000 | 80,996,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 202,699,000 | 230,006,000 | 239,767,000 | 251,083,000 |
| Interest-bearing deposits | 149,899,000 | 160,513,000 | 164,988,000 | 172,064,000 |
| Noninterest-bearing deposits | 52,800,000 | 69,493,000 | 74,779,000 | 79,019,000 |
| Equity capital | 23,147,000 | 24,931,000 | 25,611,000 | 27,032,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 2,648,000 | 5,274,000 | 7,954,000 | 10,617,000 |
| Interest expense | 350,000 | 641,000 | 904,000 | 1,144,000 |
| Net interest income | 2,298,000 | 4,633,000 | 7,050,000 | 9,473,000 |
| Noninterest income | 195,000 | 1,051,000 | 1,270,000 | 1,492,000 |
| Noninterest expense | 1,401,000 | 2,864,000 | 4,345,000 | 5,895,000 |
| Provision for loan losses | 18,000 | 386,000 | 404,000 | 522,000 |
| Pretax income | 1,113,000 | 2,484,000 | 3,622,000 | 4,599,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 1,113,000 | 2,484,000 | 3,622,000 | 4,599,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 23,037,000 | 23,419,000 | 23,972,000 | 24,963,000 |